R.T.A. CONSTRUCT: what changed
R.T.A. CONSTRUCT
Largest movements
- Receivables within one year +€268,806
up €268,806 (+33.8%), from €795,991 to €1.1m
of which Other amounts receivable: +€147,071
- Current investments +€254,843
new in 2025: €254,843
- Cash +€227,541
up €227,541 (+59.0%), from €385,489 to €613,030
mainly Trade debts (+€565,439) and Net result for the year (+€330,331)
- Tangible fixed assets +€29,807
up €29,807 (+4.0%), from €751,306 to €781,112
of which Leasing and similar rights: +€123,487
- Trade debts +€565,439
up €565,439 (+221%), from €256,252 to €821,691
- Reserves +€90,331
up €90,331 (+12.3%), from €735,715 to €826,046
- Tax, wage and social debts +€87,371
up €87,371 (+190%), from €46,031 to €133,402
of which Remuneration and social security: +€53,227
- Debts after one year +€69,009
up €69,009 (+16.0%), from €429,995 to €499,004
- Current portion of long-term debt -€34,477
down €34,477 (-19.0%), from €181,504 to €147,028
- Staff costs +€82,355
up €82,355 (+32.2%), from €255,502 to €337,857
- Gross operating margin -€53,736
down €53,736 (-5.2%), from €1.0m to €973,304
- Taxes -€51,327
down €51,327 (-48.5%), from €105,737 to €54,410
- Depreciation +€17,534
up €17,534 (+8.7%), from €201,294 to €218,829
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,984,866 | €2,771,769 | +€786,903 | +39.6% |
| Fixed assets | 21/28 | €751,806 | €781,612 | +€29,807 | +4.0% |
| Tangible fixed assets | 22/27 | €751,306 | €781,112 | +€29,807 | +4.0% |
| Land and buildings | 22 | €308,999 | €292,787 | -€16,212 | -5.2% |
| Plant, machinery and equipment | 23 | €101,343 | €79,687 | -€21,655 | -21.4% |
| Furniture and vehicles | 24 | €142,362 | €86,548 | -€55,814 | -39.2% |
| Leasing and similar rights | 25 | €198,602 | €322,089 | +€123,487 | +62.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,233,060 | €1,990,157 | +€757,097 | +61.4% |
| Amounts receivable within one year | 40/41 | €795,991 | €1,064,797 | +€268,806 | +33.8% |
| Trade receivables | 40 | €216,918 | €338,654 | +€121,735 | +56.1% |
| Other amounts receivable | 41 | €579,072 | €726,143 | +€147,071 | +25.4% |
| Current investments | 50/53 | - | €254,843 | +€254,843 | |
| Cash at bank and in hand | 54/58 | €385,489 | €613,030 | +€227,541 | +59.0% |
| Deferred charges and accrued income | 490/1 | €51,580 | €57,488 | +€5,907 | +11.5% |
| Total equity and liabilities | 10/49 | €1,984,866 | €2,771,769 | +€786,903 | +39.6% |
| Equity | 10/15 | €833,964 | €924,295 | +€90,331 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €735,715 | €826,046 | +€90,331 | +12.3% |
| Distributable reserves | 133 | €735,715 | €826,046 | +€90,331 | +12.3% |
| Profit (loss) carried forward | 14 | €79,650 | €79,650 | = | 0.0% |
| Amounts payable | 17/49 | €1,150,901 | €1,847,474 | +€696,572 | +60.5% |
| Amounts payable after more than one year | 17 | €429,995 | €499,004 | +€69,009 | +16.0% |
| Financial debts | 170/4 | €429,995 | €499,004 | +€69,009 | +16.0% |
| Amounts payable within one year | 42/48 | €720,011 | €1,347,575 | +€627,564 | +87.2% |
| Current portion of amounts payable after more than one year | 42 | €181,504 | €147,028 | -€34,477 | -19.0% |
| Trade debts | 44 | €256,252 | €821,691 | +€565,439 | +221% |
| Suppliers | 440/4 | €256,252 | €821,691 | +€565,439 | +221% |
| Taxes, remuneration and social security | 45 | €46,031 | €133,402 | +€87,371 | +190% |
| Taxes | 450/3 | €33,147 | €67,290 | +€34,144 | +103% |
| Remuneration and social security | 454/9 | €12,885 | €66,112 | +€53,227 | +413% |
| Other amounts payable | 47/48 | €236,223 | €245,453 | +€9,230 | +3.9% |
| Accrued charges and deferred income | 492/3 | €895 | €895 | = | 0.0% |
| Non-recurring operating income | 76A | €116,364 | - | -€116,364 | |
| Remuneration, social security and pensions | 62 | €255,502 | €337,857 | +€82,355 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,294 | €218,829 | +€17,534 | +8.7% |
| Other operating charges | 640/8 | €8,903 | €6,986 | -€1,917 | -21.5% |
| Gross operating margin | 9900 | €1,027,040 | €973,304 | -€53,736 | -5.2% |
| Operating profit (loss) | 9901 | €561,341 | €409,631 | -€151,709 | -27.0% |
| Financial income | 75/76B | €2,679 | €565 | -€2,115 | -78.9% |
| Recurring financial income | 75 | €2,679 | €565 | -€2,115 | -78.9% |
| Financial charges | 65/66B | €26,689 | €25,455 | -€1,234 | -4.6% |
| Recurring financial charges | 65 | €26,689 | €25,455 | -€1,234 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €537,331 | €384,741 | -€152,591 | -28.4% |
| Income taxes | 67/77 | €105,737 | €54,410 | -€51,327 | -48.5% |
| Profit (loss) for the period | 9904 | €431,595 | €330,331 | -€101,264 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €431,595 | €330,331 | -€101,264 | -23.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.